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What, Me Retire? Bill Gross Speaks on Life After Pimco

What, Me Retire? Bill Gross Speaks on Life After Pimco
Photograph by Andrew Harrer/Bloomberg

Bill Gross, co-founder of Pacific Investment Management Co., didn’t consider retirement a serious option, even after he realized recently that he’d be leaving the company he spent decades building. That’s what Gross, 70, told InvestmentNews, a trade magazine for financial advisers, in an interview published on Monday morning. “You know those adages about smelling the roses and chasing butterflies?” he said. “The markets are my butterflies and my roses. When I go to work Monday, I’ll be smelling the roses.”

The financial world was stunned when Gross announced his sudden departure 10 days ago, but it came after several tumultuous months at his Newport Beach (Calif.) company. Pimco CEO and co-Chief Investment Officer Mohamed El-Erian left the firm in January, reportedly because of tension with Gross. Gross himself was hurt and angry, which spilled over into his dealings with other executives at Pimco.